CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > Wishfull thinking or a good bet ?

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Comment by Mbxwatcheron Sep 27, 2024 11:42am

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RE:RE:RE:RE:RE:Wishfull thinking or a good bet ?

The discussion of oil, or no oil is normally all I would want to know.
This time however, the discussion has become license or no license.
Without a license it doesnt matter how much oil there is down there.
Money or no money without a license we cant go get it, or do a farm down to someone who can afford to go get it.
To me our future is somewhat binary.
We have one with a license, we dont have one without it. At least for CGX

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